TRIFX Fees and Costs — Catalyst/SMH Total Return Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 2.20% (3.01% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $33K in broker commissions, 0.1621% of average net assets, and portfolio turnover was 62%.
TRIFX Fees and Expenses
Annual operating expenses and sales charges of TRIFX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.14% |
| Gross expense ratio | 3.01% |
| Fee waiver | −0.81% |
| Net expense ratio | 2.20% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TRIFX Costs Over Time
On $10,000 invested in TRIFX, assuming 5% a year before costs, total costs come to $2,089 over 5 years, cutting the return by 3.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 2.20%) | $218 | $670 | $1,145 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $29 | $127 | $285 |
| Total costs | $934 | $1,421 | $2,089 |
| Value after costs | $9,566 | $10,156 | $10,674 |
| Impact on return, per year | 9.34% | 4.48% | 3.69% |
TRIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1621%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $17.7M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $48K (0.239% of average net assets)
TRIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING | $33K | 99.72% |
| US BANCORP | $93 | 0.28% |
TRIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $17.7M | 100.00% |
Catalyst/SMH Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRIIX | Class I | 1.95% | none |
| TRIFX | Class A | 2.20% | 5.75% |
| TRICX | Class C | 2.95% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.